Shamim Akhtar's Group
Shamim is the mother of three children. Two of them are married while her other son is involved in a clothing sales business. He is very talented and has good knowledge about clothing varieties. He has been operating his business for over 12 years. With this loan, he will purchase clothes of different variety in bulk quantity for reselling. Shamim is quite hopeful that her sons’ business will mature further after the loan investment.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid